Executive producers are supposed to supervise the tasks of the project’s producer. They make sure of the timely and within-budget completion of all the broadcasts of news, films, and TV series or serials. They work in music industries, theater, and advertising companies as well. Let’s know more about salaries for executive producer.
Film departments perform under the supervision of executive producers and in this capacity they decide the locations where shooting is to be done, who will be the cast members, and also coordinate with advertisers and distributors of the films. Executive producers earn more with time as their experience increases in the field. This article will reveal salaries based on experience, and location and compare them with other similar jobs.
The Executive Producer in the US, on average, earns $115,155. This also includes a 9% bonus constituting an amount of $10,809. 95% of the executive producers receive their salaries with profit. Although the average is $115,155, on an individual basis salary falls between $47,645 and $205,380. The average salary per month is $9596.25, per week is $2399.06, per day is $479.81 and per hour is $59.97. San Francisco has executive producers who earn 48% more than the US average at $170,691.
Salaries of Executive Producers
The salaries of executive producers may vary based on education, years of experience, and the location in which they are residing.
Salaries based on education
Before looking into salaries based on education, let’s look into the educational requirements to become an executive producer.
Education Required for Executive Producers
Executive producers don’t require any specific educational degree to work in this capacity. Any actor, editor, or writer can, later on, become an executive producer without any specific education. Even press agents, business agents, etc. can also move up to become executive producers.
- A Bachelor of business administration degree
We can say that if any person possesses a degree of bachelor’s in business administration, then he can be a better executive producer because he knows management and other economic and business trends.
- Graduate Certificate Programs in Film and Television Production
Graduate Certificate Programs in Film and Television Production can be very helpful for executive producers because they teach how to generate and supervise the budget of a project, translate scripts on-screen, and track the production details.
- Although no specific educational requirements exist for becoming an executive producer, education does play a role in bringing variations in the salaries of executive producers. Executive producers with Graduate Certificate Programs in Film and Television Production receive 20% above salaries than those without it. Bachelor in business administration degree also moves the salary above by 15% but this can vary with the inclusion of years of experience as well.
Years of experience
An increase in salary level is dependent on the experience level of the executive producers. It is known to everyone that earning expectations increase with increased experience in the same profession or job. The same applies to executive producers as well. Following is the chart of salary levels with years of experience according to the National Compensation Survey.
| Level of experience | Salary |
| Less than 1 year | $47,645 |
| 1 to 4 years | $64,020 |
| 5 to 9 years | $90,349 |
| 10 to 19 years | $131,262 |
| 20 + years | $205,380 |
Salaries based on location
Working in a large metropolitan city is mostly correlated with a higher salary, but the disadvantage is that it causes you to bear a higher cost of living. The executive producer has an estimated total pay of $115,155 per year in the United States. The average wage for an executive producer in the United States is $59.97 on an hourly basis.
The top Salaries in States
All the states in the United States of America have different ranges of salaries for executive producers. States with top salaries are mentioned below:
- California
The executive producer gets a salary between $114,317 and $170,691 per year in California. This lies between 1% less and 9% higher than the US average pay. The per-hour rates for executive producers in California are between $59.54 and $88.90.
- Texas
The executive producer gets a salary between $ $81,195 and $125,263 per year in Texas. This lies between 30% less and 47% higher than the US average pay. The per-hour rates for executive producers in Texas are between $42.28 and $65.24.
- Wisconsin
The executive producer gets a salary between $121,063 and $ $121,250 per year in Wisconsin. This lies 5% higher than the US average pay. The per-hour rates for executive producers in Wisconsin are between $63.05 and $63.15
- North Carolina
The executive producer gets a salary between $122,966 and $ 124,636 per year in North Carolina. This lies between 6% and 8% higher than the US average pay. The per-hour rates for executive producers in North Carolina are between $64.04 and $64.91.
- Nevada
On Average, the salary (yearly) in Nevada is $108,393 which is 37% lower than the combined average salaries of cities like Denver, San Francisco, etc. It is also 6% below the national average. The average bonus for an Executive Producer is $11,405 which is 11% of their salary.
Comparison with similar jobs
A comparison of salaries of similar jobs is as follows:
| Related Jobs | Average Salary |
| Producer | $67,000 |
| Line Producer | $48,569 |
| Associate Producer | $51,141 |
| Development Producer | $63,971 |
| Production Manager | $93,619 |
| Post Production Supervisor | $60,093 |
| Production Coordinator | $52,412 |
Conclusion
The salaries which executive producers are earning throughout the US are very satisfactory. They earn handsome amounts based on location, experience, and qualification. Their salaries are much better in range than other related jobs like an Associate producer, line producer, producer, production coordinator, etc. Job opportunities are expected to increase by 10% between 2019 and 2029. Job growth will stimulate the increased demands of the movie industry.
FAQ’s
- What percentage of tax applies to executive producers?
An estimated average federal tax on the salary of an executive producer would be 24% annually.
2. What is the lowest and highest salary as an executive producer in the US?
The lowest and the highest salaries in the United States are $47,645 and $205,380 per year respectively for executive producers.
3. What service do executive producers give?
Executive producers supervise the tasks of the project’s producer. They make sure of the timely and within-budget completion of movie/drama projects.
